Global Brokerage Inc. (GLBR)

[PennyStockInvestor]

Leucadia wants a carrot for management. But it doesn't leave much for FXCM Inc shareholders.

#2 Jefferies and Leucadia want to be the place to go in a liquidity/credit crisis. They want the next imperiled company to come to Jefferies for a rescue package. Onerous terms that left shareholders with zero will not exactly be an attraction for the next rescue candidate.

That said......these were very harsh terms. Leucadia has already announced a massive profit on the deal. Did the management of FXCM look at alternatives? Would they have gotten better terms if they had two competing bidders?